Liquidity Collateral definition

Liquidity Collateral has the meaning given to such term in the Intercreditor Agreement.
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Liquidity Collateral means, collectively, any and all (i) Inventory, Accounts, Assigned Claims and Contract Intangibles together with any and all Proceeds thereof; (ii) cash, cash equivalents, collections, currency, Payment Instruments and moneys whether or not held or received by, or in transit to, the Agent or any of the Lenders from or for and of the Credit Parties, whether for safekeeping, pledge, custody, transmission, collection or otherwise, including all of the Credit Parties’ deposit and other bank accounts, credits, and balances with the Agent and/or any of the Lenders and all claims of any of the Credit Parties or any of them against any Lender at any time existing; (iii) the Lenders’ Proportionate Share of Business Interruption Proceeds; and (iv) all Proceeds on or in respect of items (i), (ii) and (iii) above now existing or hereafter arising provided, however, that Liquidity Collateral shall not include any Bridge Collateral Account, Specified Contract Rights, any equity interests in any of the Credit Parties or any other property which the Agent has agreed will be excluded from Liquidity Collateral.
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Liquidity Collateral has the meaning given to such term in Section 2.1 of the Liquidity Pledge and Security Agreement.
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Examples of Liquidity Collateral in a sentence

  • Criteria for CollateralCollateral received must, at all times, meet with the following criteria: (a) Liquidity: Collateral received other than cash should be highly liquid and traded on a regulated market or multilateral trading facility with transparent pricing in order that it can be sold quickly at a price that is close to pre-sale valuation.

  • Seller's and FCI's obligations under this Agreement shall survive the sale of the Contracts to the Company, the Company's pledge and assignment of the Contracts to the Collateral Agent under the Credit Agreement, and Triple-A's pledge and assignment under the Liquidity Security Agreement to the Liquidity Collateral Agent and such obligations shall not terminate until the satisfaction and payment of all Obligations and L/C Bank Obligations under the Credit Agreement.

  • Collateral received must at all times meet the following criteria:  Liquidity: Collateral must be sufficiently liquid in order for it to be sold quickly at a robust price that is close to its pre-sale valuation. Valuation: Collateral must be capable of being valued on at least a daily basis and must be marked to market daily. Issuer credit quality: The Management Company, on behalf of the Fund, will ordinarily only accept very high quality collateral.

  • All such investments and the interest and income received thereon and therefrom and the net proceeds realized on the sale thereof shall be held in the Liquidity Collateral Accounts as part of the Liquidity Collateral.

  • No remedy conferred upon or reserved to the Liquidity Collateral Agent or the Secured Parties herein is intended to be exclusive of any other remedy or remedies, but every such remedy shall be cumulative and shall be in addition to every other remedy conferred herein or in any other Transaction Document or now or hereafter existing at law, in equity, or by statute.

  • SECTION 6.1 The Liquidity Collateral Accounts ..............................

  • The Liquidity Collateral shall be automatically released on the date on which all of the Secured Obligations have been paid and satisfied in full and no further Secured Obligations may be incurred.

  • For such purpose, the Liquidity Collateral Agent may establish an account entitled the "Certificate Issuer Liquidity Collateral Account", use an existing account or retain the Collection Account under the Certificate Issuer Trust Agreement (such accounts, collectively, the "Liquidity Collateral Accounts").

  • The HUD reporting system tracks all projects and provides automated alerts for those projects identified as “at-risk” or in need of correction due slow or untimely performance.

  • Neither the Liquidity Agent nor the Liquidity Collateral Agent shall have any duties or responsibilities, except those expressly set forth herein or in the Liquidity Pledge and Security Agreement, or any fiduciary relationship with any of the Liquidity Banks and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Facility Document or otherwise exist against either the Liquidity Agent or the Liquidity Collateral Agent.


More Definitions of Liquidity Collateral

Liquidity Collateral shall have the definition assigned to such term in the Intercreditor Agreement, it being understood that, to the extent such definition is replaced by a new definition pursuant to an intercreditor agreement related to a new permitted Liquidity Facility, such new definition will be applicable; provided that such new definition shall not expand the scope of assets included in such Liquidity Collateral.
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Related to Liquidity Collateral

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Hedge Collateral Defined in Section 5.3(b).

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Letter of Credit Collateral has the meaning provided in Section 6.4.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Pledged Investment Property means any investment property of any Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.